As the competition in the Forex industry keeps getting tougher every day, some Forex brokers start offering unprecedented services, which nobody could even dream of a couple of years ago. In particular, TeleTRADE(TOP 10 of Masterforex-V Academy’s rating of Forex brokers ) has recently revolutionized the Forex industry by letting its clients trade Forex without any risks.
TeleTRADE Gives An Opportunity To Make Money. How Real Is It?
Forex veterans say that there are major factors that can lead to unprofitable training: from market surprises and random trading without any trading system and approach to neglecting money-management etc.
A representative of TeleTRADE claims that now it is possible to trade Forex without carrying any risks, provided that you do it with TeleTRADE. According to him, the expert team of TeleTRADE has developed a specific strategy, which allows traders to avoid real-money losses even if some of their trades seem to be losers. Moreover, if your trade is a winner, you get your profit doubled by TeleTRADE. Sounds amazing and unbelievable! If this is true, than anyone can make money trading Forex. You probably ask yourself: Why on earth would a Forex broker investing money in traders without having no guarantee of getting the money back? We will try to find it out here.
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, the risk-free trading option is offered by some major broking companies. It is mainly oriented towards big-scale investors who use trust management services.
Which Forex Brokers Offer Riskless Trading Opportunities?
First of all, obviously, suck riskless trading opportunities offered by TeleTRADE allow beginners to get rid of the psychological burden that presses them when they trade for their own money. Simultaneously, they get a chance to earn real money provided that their trading is profitable. Moreover, this is a perfect opportunity to test multiple trading systems and approaches in the genuine trading environment. In this aspect, it is much better than trading contests or demo trading.
If you meet all the requirements and trade successfully, your profit will be doubled. For example, let’s assume that your deposited $10000 and at the end of this promo you earned +$2000. In this case, TeleTRADE will double your profit up to $4000.
Now let’s assume that your initial trading capital was $10000 and at the end of this promo you lost $2000. Then TeleTRADE will deposit $2000 on your trading account, thus recovering it up to $10000.
In order to participate in the promo you need to accomplish several simple tasks:
The world of Forex is getting more competitive and sophisticated. Broking companies have to offer their clients beneficial trading conditions to stay competitive. Big-scale old broking companies seem to have a slight competitive edge over young ones since they have decent experience and know how to arrange mutually beneficial cooperation.
HY Markets is one of such companies. It has been in the industry for over 3 decades! Even though this is an institutional broker, not so long ago it introduced beneficial conditions for beginning traders in order to get them up and running.
The new budget seems to have caused a major decline in the Australian consumer sentiment despite the RBA’s decision to cut the interest rate down to the record low level. The corresponding index calculated by Westpack confirms that.
Yesterday, on May 22nd, Ben Bernanke held a speech in the US Congress. This time, the Congress considered the possibility of curtailing the existing QE program prematurely because the programs seemed to have given positive results.
These days, anyone can make money trading Forex and other financial markets. The opportunities are almost endless. Still most traders still lose in the long run. While some lack experience and skills, others fall prey to emotions or fail to stick to sound money management. There are many reasons for losses. Few people actually make money in the long run because they treat trading seriously like a full-time job and work hard to achieve their goals. They use technical and fundamental analyses and strictly observe money management rules. They use various tricks and techniques to put the odds in their favor.
Apparently, beginners have difficulty trading financial markets without knowledge, skills and experience. Becoming a professional trader requires diligence, patience and time.
However, today’s Forex industry offers riskless moneymaking opportunities, which require no trading skills. You can make money without trading Forex. One of such opportunities is offered by FBS, a major Forex broker. The broker claims to offer “The most profitable and efficient IB Program on Forex”…
Yesterday, on May 21st, was a notable day for the eurozone. The Euro Parliament approved the Euro Group’s idea to use major deposits over €100 000 in emergency situations to save a risky bank. Deposits under €100 000 are ensured by the compensation scheme.
Most beginning traders are sure that it is possible to trade Forex profitably and easily. They usually assume that perfunctory knowledge is enough to make money in financial markets in general and Forex in particular. Alas, they are wrong. Obviously, it is possible to trade Forex profitable. However, it cannot be done without specific knowledge, skills and experience.
This delusion is the main reason why they lose in the long run. As a result, most of those losing beginners get disappointed at Forex and abandon the idea of becoming a winning trader forever. Some of them even start call it a scam or fraud. Some of them put the blame on brokers while others refer to bad luck.
Essentially, Forex has nothing to do with scams. Apparently, you may come across some dirty broking companies but that has nothing to do with Forex itself. Besides, such scammers can easily be avoided by following a few simple rules. However, this is another story (Masterforex-V Academy told us many times how to choose a reliable broker).